NH-Amundi Asset Management's basic information, NH-Amundi Asset Management with Global asset management Amundi and one of the biggest Funancial Group in Korea, NHFG

In 2003, NH-Amundi Asset Management was established as a joint venture with
one of the biggest Financial Group in Korea, NHFG and global Asset Management Amundi.
NH-Amundi Asset Management is one of the most constantly growing Asset Management companies in Korea.
We will try to make a stable performance under risk control and provide investment solution to meet customer needs.

Founded in January of 2003
Registered capital : 48bn KRW (As of December 31, 2021)
Legal representative : Lim, Dongsoon
Principle Shareholders & Percentage: NH Financial Group(60%) + Amundi(40%)

NH-Amundi, making dream and future together - Your trust is our pride

AUM Asset breakdown (As of December 31, 2021) Equity 13.3% / Fixed Income 36.7% / Overseas 10.1% / Derivatives 2.6%/ Balanced 1.3% / MMF 22.4% / AI, Others 13.5%

AUM Growth Unit : KRW, trillion 2003:3.9, 2011:10.6, 2014:16.9, 2016:27.3, 2018:34.5, 2019:43.3, 2020:44.9, 2021:47.9

Balance Sheet Unit : KRW, million

Balance Sheet
Chart of accounts	December 31, 2020 (19th Fiscal Year)	December 31, 2019 (18th Fiscal Year)
Cash and Deposits	96,504	104,261
Securities	7,297	5,832
Tangible Fixed Assets	1,303	1,061
Right-of-use assets	2,866	607
Other Assets	17,527	16,159
Total Asset	125,497	127,920
Other Liabilities	19,691	22,497
Total Liabilities	19,691	22,497
Shareholder's Equity	40,000	40,000
Capital Surplus	25,780	25,780
Accumulated Other Comprehensive Income(loss)	(495)	-420
Retained Earnings	40,521	40,063
Total Stockholder's Equity	105,806	105,423
Total Liabilities and Shareholder's Equity	125,497	127,920

Income statement Unit : KRW, million, FY : January 1 ~ December 31

Income statement
Chart of accounts	FY2020	FY2019
Operating Revenues	65,249	71,861
Operating Expenses	37,658	42,427
Operating Income	27,590	29,434
Non-Operating Income	165	-295
Net Income before Income Tax from Continuing Operations	27,755	29,139
Income Tax Expenses	7,297	7,395
Net Income	20,458	21,744

In 2003, NH-Amundi Asset Management was established as a joint venture with one of the biggest Financial Group in Korea, NHFG and global Asset Management Amundi. NH-Amundi Asset Management is one of the most constantly growing Asset Management companies in Korea. We will try to make a stable performance under risk control and provide investment solution to meet customer needs.

Founded in January of 2003
Registered capital : 48bn KRW (As of December 31, 2021)
Legal representative : Lim, Dongsoon
Principle Shareholders & Percentage: NH Financial Group(60%) + Amundi(40%)

NH-Amundi, making dream and future together - Your trust is our pride

In April 2018, all employees at NH-Amundi Asset Management offered their ideas for a company slogan that will demonstrate the company's identity and business philosophy.

After much consideration and discussion, we have selected "NH-Amundi, making dreams and future together" and "Your trust is our pride" as our main and sub-slogans to represent the investment philosophy that connotes "future-oriented, win-win management, clients' trust, pride, return and professional investor."

As the slogan says, all of us at NH-Amundi promise to faithfully carry out our roles as professional and reliable asset manager for our clients.

AUM Asset breakdown (As of December 31, 2021)

Equity 13.3% / Fixed Income 36.7% / Overseas 10.1% / Derivatives 2.6%/ Balanced 1.3% / MMF 22.4% / AI, Others 13.5%

AUM Growth Unit : KRW, trillion

2003:3.9, 2011:10.6, 2014:16.9, 2016:27.3, 2018:34.5, 2019:43.3, 2020:44.9, 2021:47.9

Balance Sheet Unit : KRW, million

Balance Sheet
Chart of accounts	December 31, 2020 (19th Fiscal Year)	December 31, 2019 (18th Fiscal Year)
Cash and Deposits	96,504	104,261
Securities	7,297	5,832
Tangible Fixed Assets	1,303	1,061
Right-of-use assets	2,866	607
Other Assets	17,527	16,159
Total Asset	125,497	127,920
Other Liabilities	19,691	22,497
Total Liabilities	19,691	22,497
Shareholder's Equity	40,000	40,000
Capital Surplus	25,780	25,780
Accumulated Other Comprehensive Income(loss)	(495)	-420
Retained Earnings	40,521	40,063
Total Stockholder's Equity	105,806	105,423
Total Liabilities and Shareholder's Equity	125,497	127,920

Income statement Unit : KRW, million, FY : January 1 ~ December 31

Income statement
Chart of accounts	FY2020	FY2019
Operating Revenues	65,249	71,861
Operating Expenses	37,658	42,427
Operating Income	27,590	29,434
Non-Operating Income	165	-295
Net Income before Income Tax from Continuing Operations	27,755	29,139
Income Tax Expenses	7,297	7,395
Net Income	20,458	21,744

Business History and Awards

2003.01: Company established as a joint venture between the NACF and Amundi of France
※ Amundi : An asset management subsidiary of Credit Agricole of France, name changed from CAAM to Amundi in Jan 2010
2003.03: Acquired approval from the FSC for investment trust management
2003.04: Launched company's first fund
2003.08: Launched domestic equity fund (first tax-exempt long-term equity fund)
2005.12: Launched global equity fund (Korea-Japan fund)
2006.09: Selected as Lead SRI Fund Manager for the National Pension Investment Pool
2007.08: Changed name to 'NH-CA Asset Management'
2009.01: AUM exceeds KRW 10 trillion mark
2009.06: Launched Korea's first publicly offered leveraged fund
2010.01: Credit Agricole AM transformed to Amundi Asset Management
2012.03: NACF rebranded as NH Financial Group
2014.09: Launched Korea's first KTB 10-year Index fund
2015.05: AUM exceeds KRW 22 trillion mark
2015.10: Started alternative investment business
2016.05: Changed name to 'NH-Amundi Asset Management'
2016.05: AUM exceeds KRW 30 trillion mark
2017.07: Amundi acquired Pioneer Investments
2018.02: Selected as Lead SRI Fund Manager for GEP Fund
2018.03: Launched HANARO ETF
2018.11: Launched private hedge fund
2018.12: Adopted the Stewardship Code
2019.08: Launched Victorious Korea Fund
2020.09: Launched Centennial Company Korea ESG Fund